Holocene Advisors LP Has $5.79 Million Stock Position in Lattice Semiconductor Co. (NASDAQ:LSCC)

Holocene Advisors LP boosted its position in Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) by 235.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 109,171 shares of the semiconductor company's stock after purchasing an additional 76,600 shares during the quarter. Holocene Advisors LP owned about 0.08% of Lattice Semiconductor worth $5,794,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LSCC. American National Bank & Trust increased its position in Lattice Semiconductor by 5,064.3% during the third quarter. American National Bank & Trust now owns 723 shares of the semiconductor company's stock worth $38,000 after acquiring an additional 709 shares during the period. West Oak Capital LLC raised its position in shares of Lattice Semiconductor by 220.0% in the second quarter. West Oak Capital LLC now owns 800 shares of the semiconductor company's stock valued at $46,000 after buying an additional 550 shares in the last quarter. Hollencrest Capital Management bought a new stake in shares of Lattice Semiconductor in the third quarter valued at approximately $53,000. Blue Trust Inc. boosted its stake in shares of Lattice Semiconductor by 186.5% in the second quarter. Blue Trust Inc. now owns 1,149 shares of the semiconductor company's stock valued at $67,000 after buying an additional 748 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. grew its position in Lattice Semiconductor by 35.5% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,553 shares of the semiconductor company's stock worth $89,000 after buying an additional 407 shares in the last quarter. 98.08% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently weighed in on LSCC shares. Robert W. Baird cut their target price on Lattice Semiconductor from $70.00 to $44.00 and set an "outperform" rating for the company in a research report on Tuesday, November 5th. KeyCorp cut their target price on Lattice Semiconductor from $60.00 to $54.00 and set an "overweight" rating for the company in a research note on Tuesday, November 5th. Stifel Nicolaus raised Lattice Semiconductor from a "hold" rating to a "buy" rating and set a $55.00 target price on the stock in a report on Tuesday, September 17th. Susquehanna lowered their price target on Lattice Semiconductor from $65.00 to $55.00 and set a "positive" rating for the company in a report on Tuesday, November 5th. Finally, Benchmark reaffirmed a "buy" rating and issued a $60.00 price objective on shares of Lattice Semiconductor in a research note on Monday, September 16th. Two research analysts have rated the stock with a sell rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $58.42.

Lattice Semiconductor Stock Performance

Shares of Lattice Semiconductor stock traded down $1.65 on Thursday, hitting $57.71. The stock had a trading volume of 2,048,502 shares, compared to its average volume of 2,377,122. The stock has a 50 day moving average of $53.04 and a 200 day moving average of $54.78. Lattice Semiconductor Co. has a twelve month low of $40.65 and a twelve month high of $85.69. The firm has a market capitalization of $7.96 billion, a P/E ratio of 57.63 and a beta of 1.42.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last released its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.24 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.24. Lattice Semiconductor had a net margin of 25.48% and a return on equity of 16.84%. The firm had revenue of $127.09 million during the quarter, compared to the consensus estimate of $127.05 million. During the same quarter last year, the firm earned $0.41 earnings per share. The company's revenue for the quarter was down 33.9% on a year-over-year basis. Equities analysts expect that Lattice Semiconductor Co. will post 0.54 earnings per share for the current year.

Insiders Place Their Bets

In related news, SVP Tracy Ann Feanny sold 1,474 shares of Lattice Semiconductor stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $50.86, for a total transaction of $74,967.64. Following the completion of the transaction, the senior vice president now owns 13,909 shares of the company's stock, valued at $707,411.74. This trade represents a 9.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Pravin Desale sold 4,387 shares of the company's stock in a transaction on Monday, November 18th. The shares were sold at an average price of $50.01, for a total transaction of $219,393.87. Following the sale, the senior vice president now directly owns 365 shares in the company, valued at $18,253.65. This trade represents a 92.32 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,226 shares of company stock valued at $314,838. 1.80% of the stock is currently owned by company insiders.

About Lattice Semiconductor

Lattice Semiconductor Corporation, together with its subsidiaries, develops and sells semiconductor products in Asia, Europe, and the Americas. The company offers field programmable gate arrays that consist of four product families, including the Lattice Certus and ECP, Mach, iCE, and CrossLink. It also provides video connectivity application specific standard products.